by Jeremy Webster | Oct 23, 2017 | Mercatus Center Publications
The Consumer Financial Protection Bureau (CFPB) released a new rule focusing on alleged “debt traps” caused by payday loans. It is hard to know exactly what is in this 1,590-page rule, but it includes a “Full Payment Test” requiring lenders to “determine whether the...
by Jeremy Webster | Oct 12, 2017 | Mercatus Center Publications
Many Americans today live paycheck to paycheck and use credit to pay unexpected bills or to cover normal bills in the event of an unplanned income disruption. The availability of consumer credit is limited and shaped through ongoing legislative and regulatory action....
by Jeremy Webster | Dec 14, 2016 | Mercatus Center Publications
The financial system is a critical engine that keeps the economy vibrant. Serving consumers faced with unanticipated expenses, investors planning their futures, and small businesses looking to expand, it creates economic opportunities for all participants in society....
by Jeremy Webster | Nov 11, 2016 | Mercatus Center Publications
Consumers benefit greatly from increased competition in any market, especially a credit market. Read more at Mercatus.org
by Jeremy Webster | Oct 7, 2016 | Mercatus Center Publications
We appreciate the opportunity to respond to the proposed rulemaking by the Bureau of Consumer Financial Protection (CFPB or Bureau) on payday, vehicle title, and certain high-cost installment loans. The Mercatus Center at George Mason University is dedicated to...
